STOCKS | Xingxin New Materials Says New Production Project Still Awaiting Key Compliance Approvals

Xingxin New Materials said its newly added fund-raising investment project is still in the early stage of construction and has yet to obtain required compliance approvals, including environmental impact and safety assessments. According to Jin10, the company issued an abnormal trading movement announcement after its stock’s cumulative closing price deviation exceeded 20% over three consecutive trading days on June 30, July 1, and July 2, 2026, meeting the criteria for abnormal volatility under Shenzhen Stock Exchange trading rules. The project involves annual capacity of 10,500 tons of 4,4'-biphenol series products and 150 tons of supported metal catalysts. The company said the progress of the relevant approvals remains uncertain and may affect whether the project can proceed on schedule.